# Capital Openness Interactions: Z x KAOPEN -> Savings

| Model | Dep Var | N | Countries | R2 |
|---|---|---|---|---|
| savings x kaopen | gross_national_savings_gdp | 4,319 | 158 | 0.190 |
| private saving x kaopen | private_saving_gdp | 4,028 | 157 | 0.122 |
| govt saving x kaopen | govt_saving_gdp | 5,174 | 174 | 0.046 |

## Key Coefficients

| Model | Variable | Coef | SE | p-value | Sig |
|---|---|---|---|---|---|
| savings x kaopen | Z_1 | 82.3982 | 16.1112 | 0.0000 | *** |
| savings x kaopen | Z_2 | -9.9805 | 2.4503 | 0.0000 | *** |
| savings x kaopen | Z_3 | 0.3361 | 0.1010 | 0.0009 | *** |
| savings x kaopen | Z_1_x_kaopen | 6.7906 | 9.3493 | 0.4677 |  |
| savings x kaopen | Z_2_x_kaopen | -1.1815 | 1.4163 | 0.4042 |  |
| savings x kaopen | Z_3_x_kaopen | 0.0539 | 0.0580 | 0.3532 |  |
| private saving x kaopen | Z_1 | 49.9945 | 15.7334 | 0.0015 | *** |
| private saving x kaopen | Z_2 | -5.2006 | 2.3829 | 0.0291 | ** |
| private saving x kaopen | Z_3 | 0.1453 | 0.0980 | 0.1381 |  |
| private saving x kaopen | Z_1_x_kaopen | 4.1130 | 9.3763 | 0.6609 |  |
| private saving x kaopen | Z_2_x_kaopen | -0.9971 | 1.4132 | 0.4805 |  |
| private saving x kaopen | Z_3_x_kaopen | 0.0525 | 0.0577 | 0.3633 |  |
| govt saving x kaopen | Z_1 | 22.5351 | 7.5476 | 0.0028 | *** |
| govt saving x kaopen | Z_2 | -3.1622 | 1.1393 | 0.0055 | *** |
| govt saving x kaopen | Z_3 | 0.1209 | 0.0467 | 0.0096 | *** |
| govt saving x kaopen | Z_1_x_kaopen | 6.2885 | 4.5220 | 0.1644 |  |
| govt saving x kaopen | Z_2_x_kaopen | -0.7659 | 0.6814 | 0.2611 |  |
| govt saving x kaopen | Z_3_x_kaopen | 0.0265 | 0.0278 | 0.3406 |  |

*Z x KAOPEN interactions: does capital openness moderate savings response?*